The Department of Banking News Bulletin
Bulletin # 1847
Week Ending July 16, 1999
This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to John P. Burke, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to firstname.lastname@example.org. Written comments will be considered only if they are received within ten days from the date of this bulletin.
STATE BANK ACTIVITY
Section 36a-145 of the Connecticut General Statutes requires that each application for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided. Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days. Questions concerning branch activity should be directed to the Bank Examination Division, (860) 240-8180.
Note: dates are listed in month/day/year format.
|7/12/99||Thomaston Savings Bank
FROM: 60 Main Street South
Bethlehem, CT 06751
TO: 73 Main Street South
Bethlehem, CT 06751
|7/13/99||The Savings Bank of Rockville
|900 Clark Road
South Windsor, CT 06074
|7/15/99||New Haven Savings Bank
@ Southwick at Cheshire
50 Southwick Court
Cheshire, CT 06410
|@ Limited Branch - Special Needs|
CHECK CASHING SERVICE LICENSE ACTIVITY
Pursuant to Section 36a-581 of the Connecticut General Statutes, on July 8, 1999, James Robert Toth received a license to operate a check cashing service general facility at 54 Wakeley Street Extension, Seymour, Connecticut.
BROKER-DEALER BARRED FROM
CONNECTICUT SECURITIES ACTIVITY FOR ONE YEAR
On July 9, 1999, a Consent Order was entered into with respect to Milton Campis, Jr., a former broker-dealer agent of National Securities Corp. The Consent Order was based on allegations that, in conjunction with an investigation, Campis made a materially false and misleading statement concerning securities sales related activity to this Department. The Consent Order directed Campis to cease and desist from engaging in violative conduct; barred him from transacting business as a broker-dealer, investment adviser, broker-dealer agent, agent of issuer or investment adviser agent in Connecticut for one year; and restricted his Connecticut securities activity following the expiration of that one year period to investment company securities; governmental securities; exchange-listed options; and securities listed on the New York Stock Exchange, the American Stock Exchange and the National Market System of NASDAQ.
ACQUISITION AND MERGER
On June 3, 1999, in connection with an application filed on June 3, 1999, pursuant to Section 36a-412(a)(1) of the Connecticut General Statutes to acquire a significant part of the assets of Advest Bank and Trust Company, Hudson United Bank filed a community reinvestment plan which is available for public inspection and comment at the Department of Banking for a period of 30 days from the date of this Bulletin.
SECTION 36a-425 APPROVAL
On July 16, 1999, approval was granted to First American Corporation, a Tennessee corporation, to establish offices of its subsidiaries, IFC Holdings, Inc. d/b/a INVEST Financial Corporation, a Delaware corporation, and INVEST Financial Corp. Insurance Agency Inc. of CT, a Connecticut corporation, at 315 West Main Street, Avon; and 95 Storrs Road, Mansfield Center, Connecticut.
John P. Burke